The Week Ahead, Jan. 17, 2023: Housing Reports Take Center Stage
Good morning and happy Tuesday; we hope you enjoyed the holiday weekend. Here’s what’s happening this week:
First MBA Reports. The Mortgage Bankers Association has a busy week, starting this morning with its 4th Quarter CREF Loan Performance Survey, with commentary and analysis from MBA Head of Commercial Real Estate Research Jamie Woodwell.
And on Wednesday, Jan. 18, MBA issues its Weekly Applications Survey, with MBA Vice President and Deputy Chief Economist Joel Kan providing commentary and analysis.
And on Thursday, Jan. 19, MBA releases its monthly Builder Applications Survey, with Kan providing commentary and analysis.
Looking ahead, MBA will issue its monthly Loan Monitoring Survey on Monday, Jan. 23, with commentary and analysis from MBA Vice President of Industry Analysis Marina Walsh, CMB. And on Thursday, Jan. 26, MBA will issue its monthly Purchase Applications Payment Index—PAPI—with commentary and analysis from MBA Associate Vice President of Housing Economics Edward Seiler.
The MBA Independent Mortgage Bankers Conference is one week away, taking place Jan. 23-26, at the Hotel Del Coronado outside of San Diego. MBA NewsLink will provide on-site coverage. For more information, click here.
Looking further ahead, the MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo—CREF23—is just a few weeks away, taking place Feb. 12-15 in San Diego. MBA NewsLink and MBA Commercial/Multifamily NewsLink will provide onsite coverage. For more information, click here.
And if you haven’t yet checked out the MBA State of the Association, featuring a look back at key issues affecting the real estate finance industry in 2022 and the economic and policy outlook for 2023, please do so by clicking the link above.
The video includes discussions and interviews with:
–MBA President & CEO Bob Broeksmit, CMB (keynote address)
–MBA COO Marcia Davies
—Mike Fratantoni, SVP and Chief Economist on the 2023 Single-Family and Commercial/Multifamily Forecast
—Bill Killmer, SVP, Legislative and Political Affairs on the 2022 Legislative Recap and 2023 Outlook
—Mike Flood, SVP, Commercial/Multifamily Policy and Member Engagement on the 2022 Commercial/Multifamily Advocacy Recap and 2023 Outlook
—Pete Mills, SVP, Residential Policy and Strategic Industry Engagement on the 2022 Residential Policy and Regulatory Recap and 2023 Outlook
—Tamara King, VP, Strategic Industry Engagement on Member Engagement in 2023
—Steve O’Connor, SVP, Affordable Housing Initiatives on Affordable Housing Initiative Update
—Lisa Haynes, SVP, Senior Vice President, Chief Financial Officer, and Chief Diversity and Inclusion Officer on Diversity, Equity and Inclusion Highlights and Initiatives.
Second, Other Economic Reports. We kick off the first of two big weeks for monthly housing reports; those MBA NewsLink will cover are in italics:
—Tuesday: MBA 4th Quarter CREF Loan Performance Report; Empire State Manufacturing Survey
—Wednesday: MBA Weekly Applications Survey; National Association of Home Builders/Wells Fargo Housing Market Index; Advance Retail Sales; Industrial Production/Capacity Utilization; Business Inventories
—Thursday: Initial Claims; New Residential Construction; Philadelphia Fed Manufacturing Survey
—Friday: Existing Home Sales
Fourth, Congress. The House and Senate are still organizing themselves; there are no committee hearings slated for this week as of press time. Last week, newly minted House Financial Services Committee Chair Patrick McHenry announced formation of a new subcommittee examining cryptocurrencies and made subcommittee chair appointments.
For more information about the House and Senate, visit www.house.gov and www.senate.gov, respectively. For more information about upcoming hearings in the Senate Banking Committee, click https://www.banking.senate.gov/hearings. For more information about upcoming hearings in the House Financial Services Committee, click https://financialservices.house.gov/calendar/?EventTypeID=577&Congress=117.
Fifth, MBA Conferences. Here’s a list of upcoming MBA conferences:
Jan. 23-26, 2023: MBA Independent Mortgage Bankers Conference, Coronado, Calif. For more information, click here.
Feb. 12-15, 2023: CREF 2023, San Diego. For more information, click here.
Feb. 21-24, 2023: MBA Servicing Solutions Conference & Expo, Orlando. For more information, click here.
Apr. 17-18, 2023: MBA State & Local Workshop, Washington, D.C. For more information, click here.
Apr. 18-19, 2023: MBA National Advocacy Conference, Washington, D.C. Fore more information, click here.
May 9-12, 2023: MBA Commercial/Multifamily Housing Servicing and Technology Conference, Chicago. For more information, click here.
May 21-24, 2023: MBA Secondary and Capital Markets Conference & Expo, New York. For more information, click here.
For more information, click the links above or visit https://www.mba.org/conferences-and-education/conferences-and-meetings.
For the most up-to-date information regarding legislative activity at the state and local level, visit the MBA State Legislative Database here.
For information about MBA Education events, visit http://www.mbaeducation.org.
For information about the National Association of Minority Mortgage Bankers of America (NAMMBA), visit https://www.nammba.org/.
Enjoy the week!